Initially, the team leveraged the Fides Multibanking Suite to access centralized bank information and execute payments. Head Group Treasury Markus Unternährer says that the secure web portal allowed the team to manage the access of treasury and finance staff in offices around the globe.
Unternährer says another reason that LafargeHolcim chose Fides over other solution providers is the multibank connectivity provider’s relationship with Credit Suisse. Credit Suisse is one of LafargeHolcim’s relationship banks, giving the company the assurance that the quality of service from wholly-owned subsidiary Fides would be at the highest possible level.
But most important at the time for LafargeHolcim’s treasury was Fides’ unique dual-BIC, hybrid connectivity model. Not only could Fides support the variety of banking channels the company wanted to implement, LafargeHolcim could also use the SWIFT network through the Fides BIC, rather than having to have its own corporate BIC.